Lagos - Lagos Deep Offshore Logistics (LADOL) an indigenous oil servicing company, has obtained an order from a Federal High Court in Lagos, restraining Samsung Heavy Industries, Total Upstream Nigeria Limited and the Nigerian Content Development and Monitoring Board (NCDMB) from excluding it (LADOL) from the execution of the local component of the Egina Floating Production Storage Offshore (FPSO) project.
The FPSO project valued at $3.8 billion is meant for Total’s $15 billion Egina deepwater development, offshore Nigeria. Reports ThisDay.
The Egina deep water development is located 130 kilometers offshore Nigeria, and was conceived by Total Upstream Nigeria Limited, in collaboration with the Nigeria National Petroleum Corporation (NNPC), and is expected to take off by the end of 2017.
LADOL is seeking 19 reliefs against Samsung and other defendants, which also included the Minister of Petroleum Resources.
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